News & trendsMarket conditions

What's the yuppie dream home?

by Joseph Askins on 9/28/10

Yuppie dream homes priced near $269,000 in ChicagoThe four-bedroom / two-bath home is “a size many buyers aspire to own,” says Coldwell Banker Real Estate CEO Jim Gillespie. In CNN / Money’s words, it’s “the yuppie dream home.” Funny — I would have guessed they’d want at least one more bath, or an extra powder room at the very least.

Anyway, in 2010 four-bedroom / two-baths across the nation have been listed for $353,000 on average, according to a new report from Coldwell Banker. In Chicago, the average was just under $269,000. Above, you can see where you’ll find four-bedroom homes with two or more baths listed between $250,000 to $275,000; click on the image to see them up close at Redfin.

For $269,000, you can get a bungalow in Dunning, a bungalow in Edison Park, a Tudor-style home in Belmont Cragin, or a Queen Anne in Jefferson Park.

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{ 2 comments… read them below or add one }

Dan September 28, 2010 at 6:46 PM

Interesting that you use Redfin and not one of the many real estate brokerages that pay for your services. Perhaps those other brokerages aren’t the best in all areas of service, in this case create/investing in the best online service.

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Joe Zekas September 28, 2010 at 7:06 PM

Dan,

We link to our clients when we’re writing about their listings.

There are things I do repetitively that I find can best be done on one or more of our client sites. That said, your observation reflects Redfin’s achievement in building a highly usable site with data that consumers want and that isn’t found on other broker sites.

In a Google Knol (which needs to be updated) I called Redfin the “clear leader” among local brokerage sites.

A major shortcoming of the Redfin site (due to its business model) is that it doesn’t include rental listings.

We do make an effort to be objective.

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